It is the intent of the General Assembly to provide a means by which a nonprofit corporation involved in the sale, transmission, and distribution of potable water to members of the general public and commercial, industrial, and other users may form or convert its entity status from that of a body corporate to that of a public body politic and governmental entity, thereby allowing the entity the opportunity to access the tax-exempt capital markets and assuring the State of Arkansas and the customers of the entity of the lowest water rates possible.
Ark. Code Ann. § 4-35-101
Legislative intent
Known as the Water Authority Act
The act spans §§ 4–4 (27 sections).
Applied in 1 court decision — leading case Giles v. Ozark Mountain Reg'l Pub. Water Auth. (2014)
Most recently applied in Giles v. Ozark Mountain Reg'l Pub. Water Auth. (April 2014)
Acts 2003, No. 1330, § 3.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.